Former N.Y. Fed employee to plead guilty over Goldman leaks

An ex-employee of the Federal Reserve Bank of New York suspected of leaking confidential information to a former colleague working at Goldman Sachs Group Inc is expected to plead guilty on Wednesday, according to a court official. Jason Gross, 37, is expected to appear in federal court in Manhattan for a scheduled plea hearing, according to the court official, days after Goldman Sachs reached a related $50 million settlement with

U.S. private hiring solid; trade deficit at seven-month low

U.S. private employers maintained a steady pace of hiring in October and the trade deficit hit a seven-month low in September as exports rebounded, suggesting the economy was strong enough to support an interest rate hike from the Federal Reserve in December. The ADP National Employment Report showed on Wednesday that private payrolls increased 182,000 last month on top of the 190,000 jobs added in September. “The private sector continues

U.S. September trade deficit smallest in seven months

The Commerce Department said on Wednesday the trade gap fell 15 percent to $40.8 billion, the smallest deficit since February. Lower crude oil prices also helped to curb the import bill. The drop in the trade deficit reversed the widening seen in August, though the prior month’s figure was revised slightly down to $48 billion from the previously reported $48.3 billion.